Trademark Property Co. Begins Second Phase of Redevelopment at Saddle Creek
GERMANTOWN, Tenn. (July 21, 2015) – Trademark Property Co. has broken ground on the second phase of redevelopment at Saddle Creek focusing on enhancements to the North side of the property. Combined with the initial phase, which is nearing completion, the redevelopment efforts will add approximately 25,000 square feet of new retail space to the property.
In addition, the property announced that Soft Surroundings, a leading multi-channel retailer committed to providing stylish, casual clothing with a comfort fit, the latest in beauty and skincare, jewelry and accessories, and home furnishings to women of all ages, will open a 4,000-square-foot store this fall at Saddle Creek North.
In June, Kendra Scott announced that it will open its first Memphis-area store at Saddle Creek in fall 2015. In addition, Michael Kors recently opened at Saddle Creek South, adjacent to Talbot’s.
“There is no other retail property in the Memphis area like Saddle Creek, and to remain an iconic property it’s important to evolve. The redevelopment efforts offer the additional space and upgraded amenities necessary for the shopping center to remain the dominant lifestyle destination for tenants and customers alike,” said Terry Montesi, CEO of Trademark Property Co. “We’re focusing our leasing efforts on filling the added 25,000 square feet of space with key tenants – like Soft Surroundings, Michael Kors, Kendra Scott, and others – who fit the distinct, upscale mix at Saddle Creek.”
The second phase of renovations will include approximately 5,000 square feet of new retail space and additional parking at Saddle Creek North. The new building, along with new signage, wayfinding, and landscaping, public space transformation, and façade renovations, will connect the northeast corner to Saddle Creek South. Completion is slated for winter 2015.
Phase I redevelopment efforts for Saddle Creek have centered on the property renovation and expansion on the southwest side of Poplar Avenue and West Street where a two-story building was demolished to make way for 20,000 square feet of new retail and restaurant space. Additional improvements include remodeled building façades at Saddle Creek South and West; upgrades to plazas, public art, lighting, signage, wayfinding and landscaping. Finishing touches are currently underway, with completion of phase I slated for August 2015.
Saddle Creek’s redevelopment is designed to align with the principles of Trademark’s Conscious Place initiative, a stakeholder-driven development model that aims to ensure that its properties are more than just places of commerce, but also places of community and meaning. In support of this initiative, Saddle Creek will install a number of features and amenities over the next year designed to educate, inspire and engage all patrons. Planned Conscious Place enhancements include bike racks, improved streetscapes and landscape, outdoor seating areas and more.